704 Ocean Mdws #704FairhavenMA02719
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt 1.55, 704 Ocean Mdws #704, Fairhaven, MA, 02719 in Fairhaven sits at the top of Ziffy Mortgage's DSCR coverage band, a significant advantage for non-U.S. buyers closing without domestic income documentation. Rental yield 8.37%. The 8.37% yield is backed by 5% annual appreciation projecting $92,554 in value gain, plus $3,085/yr in principal reduction. Total projected cumulative return: $141,769.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 6.0% |
| Monthly Cash Flow | $(124) | $900 |
City averages based on Fairhaven market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,337 |
| Total Monthly Debt Service | $1,978 |
| DSCR Ratio | 1.18x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02719, Fairhaven, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,855 (100%) |
| Owner Occupied HU | 5,118 (65.2%) |
| Renter Occupied HU | 1,935 (24.6%) |
| Vacant Housing Units | 802 (10.2%) |
| Median Home Value | $534,221 |
| Average Home Value | $610,356 |
Housing Distribution
Address Breakdown
Residential
7,000
Single Family
6,300
Multi-Family
700
Businesses
544
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Townhouse
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02719, Fairhaven, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,855 (100%) |
| Owner Occupied HU | 5,118 (65.2%) |
| Renter Occupied HU | 1,935 (24.6%) |
| Vacant Housing Units | 802 (10.2%) |
| Median Home Value | $534,221 |
| Average Home Value | $610,356 |
Housing Distribution
Address Breakdown
Residential
7,000
Single Family
6,300
Multi-Family
700
Businesses
544
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MLS PIN
Mls ID: #73500933